menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Palm City, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Palm City, FL Housing Market Trends

With a population of 25,883, 10,093 total housing units (homes and apartments), and a median house value of $719,709, Palm City house prices are not only among the most expensive in Florida, Palm City real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Palm City, accounting for 73.64% of the town's housing units. Other types of housing that are prevalent in Palm City include row houses and other attached homes ( 11.51%), large apartment complexes or high rise apartments ( 8.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Palm City. Owner-occupied housing accounts for 86.86% of Palm City's homes, and 65.10% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Palm City built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Palm City built between 2000 and later ( 26.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.20%).

Vacant housing appears to be an issue in Palm City. Fully 12.21% of the housing stock is classified as vacant. Left unchecked, vacant Palm City homes and apartments can be a drag on the real estate market, holding Palm City real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Palm City Home Appreciation Rates

In the last 10 years, Palm City has experienced some of the highest home appreciation rates of any community in the nation. Palm City real estate appreciated 135.07% over the last ten years, which is an average annual home appreciation rate of 8.92%, putting Palm City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Palm City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Palm City appreciation rates have trailed the rest of the nation. In the last twelve months, Palm City's appreciation rate has been 2.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Palm City were at 3.66%, which equates to an annual appreciation rate of 15.46%.

Relative to Florida, our data show that Palm City's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Palm City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Palm City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Palm City real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$719,709

Palm City, FL Home Prices
> $1,506,000
$1,129,001 - $1,506,000
$753,001 - $1,129,000
$603,001 - $753,000
$451,001 - $603,000
$301,001 - $451,000
$150,001 - $301,000
$76,001 - $150,000
$0 - $76,000
3.7%
3.7%
5.1%
5.1%
24.2%
24.2%
18.5%
18.5%
18.2%
18.2%
17.3%
17.3%
11.8%
11.8%
0.3%
0.3%
0.9%
0.9%
0% 100.0%
% of Homes
Very High

for Florida

Very High

for nation

Number of Homes And Apartments:

10,093

Palm City Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,705 / per month

Homeownership Rate

Owners
Renters
Vacant
86.9%
86.9%
13.1%
13.1%
12.2%
12.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.6%
26.6%
70.3%
70.3%
2.2%
2.2%
0.9%
0.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.6%
73.6%
11.5%
11.5%
5.9%
5.9%
8.9%
8.9%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
2.6%
2.6%
27.2%
27.2%
40.8%
40.8%
24.3%
24.3%
4.7%
4.7%
0% 100.0%
% of Homes